An Independence Day Message
HUD - Official Information
AARP Consumer Guide
More AARP Resources
Frequently Asked Questions
Your Mortgage Advisor

About Reverse Mortgages:


Reverse Mortgages became a valuable and safe financial tool for Senior Americans  when the United States Congress authorized the Home Equity Conversion Mortgage (HECM) thru the Federal Housing  Administration (FHA) and Department of Housing and Urban Development (HUD)  in 1989. 

An additional Reverse Mortgage program became available in 1996 when the Federal National Mortgage Association (Fannie Mae) created the Home Keeper Reverse Mortgage.   

Two (2) private Reverse Mortgage programs, the Cash Account  Standard and Cash Account Zero Point were established in 2001 and 2003, respectively.

These Reverse Mortgage programs offer the opportunity for virtually all Senior Citizens to utilize the equity in their homes to provide needed financial security.  From 1989 thru January 2007, more than 271,400 Seniors have obtained a Reverse Mortgage.











NO Credit or Income Requirements
NO repayment for as long as you occupy the home
NO taxes are paid on the cash from Reverse Mortgages
NO pre-payment penalty with Reverse Mortgages
You retain the title to your home
You may sell your home at any time
Cash may be used for any purpose
Cash may be received in a variety of ways
Social Security and Medicare benefits NOT affected by Reverse Mortgages
After your estate pays the lender ALL remaining equity is paid to your heirs